2335 Ohio StNew CastleIN47362
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in New Castle at 2335 Ohio St, New Castle, IN, 47362 priced at $129,400 pairs $997/mo rent with $221/mo cash flow after a $633/mo payment. Total monthly income equals $997/mo, and annual cash flow comes to $2,647/yr on $42,896 invested. Return on cash invested is 26.08% in year one, and rental yield stands at 9.25% on a $129,400 basis. Equity gained on principal adds $835/yr, and 5% annual appreciation accumulates to $35,751 by year five. Five-year ROI measures 135.72% and total cumulative return in cash reaches $58,218. For financing, Ziffy Mortgage’s DSCR program evaluates $997/mo property income against a $633/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
6,930 sqft lot
$N/A/sqft
No HOA
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Listed by: Emilee Gates • F.C. Tucker Muncie, REALTORS
Mls Name: IRMLS
Mls Provider:
Mls ID: #202432390
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